The Indian equity markets opened flat on Tuesday on the back of negative global cues and caution ahead of major global financial events.
Advertisement
Both the key indices traded on a flat-to-positive note as healthy buying was witnessed in metal, banking and IT stocks.
The 50-share Nifty opened higher at 8,788.45 and moved in a range of 8,824.30 and 8,774.20 before ending at 8,808.40, showing a rise of 28.55 pts or 0.33 pct from its last close.
BSE Sensex edged lower 0.02% at 0931 hours to 28,598.79 points.
The BSE is also the world’s 11th largest stock exchange, with an overall market capitalization of $1.7 trillion as of January 23, 2015.
Initially on Monday, the benchmark indices opened on a firm note in sync with their Asian peers.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.2 percent ahead of the Fed meeting on September 20-21 and the Bank of Japan policy meeting on Wednesday.
The Nifty IT index ended up 0.62 percent led by Tata Consultancy Services, which gained as much as 2.76 percent to record its biggest intraday percentage jump in over a month. Investors were reluctant to build positions ahead of the FOMC meeting and the expected interest rate hike.
If you’re an investment banker, or someone following the stock markets closely, your Twitter timeline could soon be swamped with live stock updates.
Advertisement
In a bid to help the investors follow the market thoroughly, Twitter has activated four new features such as: hourly tweets, auto-responding tweets for Sensex 30 stock prices, auto-direct messages for the opening/closing figures and live display, ET added. “FMCG stocks traded down due to selling pressure, whereas cement and power sector stocks traded with mixed sentiments due to profit booking”.
